Fisher Etkisinin Türkiye Verileri ile Testi = The Analysis of Fisher Effect Using Turkish Data

In this study, the Fisher effect, which claims that there is one to one long-term relationship between the inflation rate and the long-term nominal interest rate, has been tested using Turkish quarterly data over the 1987(I)- 2004(4) periods. Here, ARDL bounds testing approach to cointegration newly developed by Pesaran et al. (2001) in applied econometrics is used. Results support the Fisher effect.